Form 4: Paymentus Director Jason Klein Acquires Class B Shares

Paymentus Holdings Director Jason Klein acquired 145,863 shares of Class B Common Stock through a pro rata distribution from Accel-KKR affiliated funds.

Summary

• Jason Klein, a Director of Paymentus Holdings, Inc. (PAY), reported the acquisition of 145,863 shares of Class B Common Stock.
• The transaction occurred on August 20, 2025, and was a pro rata distribution from funds affiliated with Accel-KKR.
• The acquisition was exempt from Section 16(b) liability pursuant to Rule 16a-9(a) under the Securities Exchange Act of 1934.
• Class B Common Stock is convertible at any time into an equal number of shares of Class A Common Stock and has no expiration date.
• Following this transaction, Jason Klein beneficially owns 1,440,004 derivative securities (Class B Common Stock) indirectly through The Jason and Farah Klein Revocable Trust dtd 1/27/2011.

Sentiment

Score: 6

Explanation: The filing is largely neutral as it reports a pro rata distribution of shares to a director, rather than an open market purchase or sale. The director's continued significant ownership is a stable factor.

Positives

• A director maintaining a significant ownership stake (1,440,004 shares of Class B Common Stock) aligns their interests with those of other shareholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This filing is a routine disclosure of insider ownership changes and does not provide information directly related to broader industry trends or competitive positioning.

Related Party Transactions

• The shares were received in a pro rata distribution from funds affiliated with Accel-KKR, where Jason Klein is associated (C/O ACCEL-KKR).

Stakeholder Impact

• Shareholders may view the director's continued significant beneficial ownership as a positive sign of alignment with long-term company performance.

Key Dates

Keywords

Paymentus Holdings, PAY, Jason Klein, Director, Class B Common Stock, Accel-KKR, Insider Transaction, SEC Form 4, Beneficial Ownership